March was a volatile month for equity markets, driven by heightened geopolitical developments, rising energy prices, and renewed interest rate concerns. The confluence of these factors created a more challenging environment and contributed to elevated investor anxiety. Against this backdrop, corporate earnings remained a clear positive. Several core ABC Funds’ holdings delivered strong results, reinforcing the strength of underlying business
February was a mixed month for global equity markets, as heightened geopolitical developments contributed to late-month volatility and risk aversion among investors. Despite this pressure, the underlying economic backdrop remains quite positive. Several core holdings delivered strong earnings results during the month. Most notably, NVIDIA reported an exceptional quarter, exceeding expectations on both revenue and profit while meaningfully raising forward
All three ABC Funds started the year on a strong note, with each fund outperforming its respective benchmarks in January. This early-year outperformance was largely driven by several of our highest-conviction holdings, including Micron, Meta, ASML, Amazon, Alphabet, and Bank of Montreal. A defining theme for 2026 is the continued acceleration of the artificial intelligence cycle, which is driving meaningful
December was a mixed month for equity markets as investors digested late-year economic data and positioned portfolios ahead of 2026. While market performance was uneven, our focus remained on quality and secular growth themes which we believe will drive long-term returns. Several core holdings delivered strong results during the month. Micron Technology stood out with an exceptional earnings report and
Equity markets were volatile in the month of November, as investors weighed mixed economic data, interest rate uncertainty, and embraced a more cautious tone heading into year-end. Despite the volatility, several core ABC Funds holdings stood out with strong gains. Our top contributors during the month included Alphabet, Broadcom, Micron, Apple, Thermo Fisher Scientific, and Royal Bank of Canada. NVIDIA,
October was a standout month for the ABC Funds, with all three portfolios outperforming their benchmarks and reaching new all-time highs. This remarkable performance was driven by strong corporate earnings from leading large-cap technology companies. For example, Microsoft, Alphabet, and Amazon all beat expectations and raised forward guidance, highlighting the strength of the companies powering this bull market. Our overweight
All three ABC Funds closed at new all-time highs at the September month end. Despite volatility early in the month, markets responded positively to clearer monetary policy and continued earnings strength. Highlights from the month included earnings results from two core ABC Funds holdings: Broadcom and Micron. Both companies beat Wall Street expectations and raised forward guidance, with their shares
August was a volatile month for equity markets with investors navigating mixed signals from the economy, geopolitics, and central banks worldwide. Despite the uncertainty, corporate earnings remained broadly positive, and all three ABC Funds delivered gains during the month. A key development came from the U.S. Federal Reserve, which signalled its readiness to begin cutting interest rates. This marked a
All three ABC Funds outperformed their respective benchmarks in the month of July. The technology sector was the standout, fuelled by strong corporate earnings beats across the sector. Our top-performing stocks included NVIDIA, Microsoft, Alphabet, Amazon, Thermo Fisher Scientific, Meta, Broadcom, Brookfield Corporation, and S&P Global. The AI revolution continues to accelerate, driving productivity and economic growth. We remain well-positioned
All three ABC Funds outperformed their benchmarks in June and are posting positive year-to-date returns as we enter the second half of 2025. Our top performers for the month included Microsoft, Amazon, Meta, NVIDIA, Broadcom, ASML, Micron, and ARM. These companies have been key drivers of our portfolios for the past several years, underscoring the strength of our core holdings.